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Axial’s LMM Digest: October Edition

Nick Coetzee | November 11, 2019

Welcome to the October edition of Axial’s Lower Middle Market Digest, your source of news, people moves, deal announcements, and all things newsworthy in the LMM.

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Select New Axial Members This Month

– Investment BanksBKD Corporate Finance, Evergreen Advisors, Tucker Midis Owen, D.A. Davidson, Savills North America

– Corporates: Integrated Prescription Management, Travel Zap Inc., Wharfedale Technologies

– Private Equity FirmsL Catterton, Hidden Harbor Capital, SunTx

– Family OfficesCH Investment Partners, Fairfield-Maxwell Ltd., GreenSummit Investments

– Independent SponsorsArbor Bay Partners, Hayden Creek Capital, NB Group


People Moves

  • Excellere Partners Portfolio Company, Biocare Medical, Appoints Nicolas Barthelemy as Executive Chairman. Read More
  • The Halifax Group Names Doug Hill Partner Promotes David Calder to Principal. Read More
  • Advent International Appoints Former Tesla and Lyft Executive Jon McNeill as an Advisory Partner. Read More
  • Capital Partners Adds Chief Human Capital Officer. Read More
  • Varsity Brands Appoints Steve Down as President of Herff Jones. Read More
  • PJ Solomon Launches Telecom Group with the Hiring of Industry Veteran Joseph Valenti. Read More
  • Cloud Services Leader Garth Carter Joins Baker Tilly’s Consulting Practice to Lead its Value Creation Team. Read More
  • Bill Shea Joins as Skyway Capital Markets Director of Business Development. Read More
  • KPMG appoints Hartaj Nijjar National Leader of Cyber Security Services. Read More
  • Farrah Glover Joins Colliers International as Human Resource Assistant. Read More

 

Member Shout-outs

  • One Equity Partners Closes Fund VII with $1.75 Billion of Total Commitments. Read More
  • Growth Through Advocacy: Summit Partners Hosts 2019 Women’s Leadership Forum. Read More
  • Corporate Finance Associates Worldwide Expands North American Operations in Miami. Read More
  • Baker Tilly Named a Best Place to Work in Pennsylvania. Read More
  • The Forbes M&A Group Awarded M&A Firm of the Year in Colorado. Read More

 

Interesting Reads 

  • CEO Panel: The Path to Leadership and Lessons Learned Along the Way (HBM HoldingsRead More
  • A Comprehensive Guide to Debt Management (Corporate Finance AssociatesRead More
  • Will That Be Credit, Debit…Or ACH? (Fulcrum Equity Partners) Read More
  • Creative ways to solve valuation differences in M&A negotiations (Cronkhite Capital) Read More
  • Business Owners Can’t Always Sell When They Wish (Pacific Business AdvisorsRead More
  • Creating a Digital Roadmap to Drive Profits (Barnes DennigRead More
  • Five Things Business Owners Should Keep in Mind Ahead of the Next Recession (Crosbie & Company Inc.Read More

Deal Announcements from the Axial Sell-Side

  • Solganick & Co. Serves as Exclusive Advisor to Lone Star Analysis in its Investment by HCAP Partners. Read More
  • Quarton a Cowen Company Advises Max Holder GMBH on its Sale to Alfred Karcher SE & Co. KG. Read More
  • Kontrol Energy Completes Term Loan Financing with FirePower CapitalRead More
  • ROTH Capital Partners Acts as Sole Manager for Reed’s Inc. (Nasdaq: REED) in its $7 Million Follow-On. Read More
  • Copper Run Capital Advises Forge Lumber on its sale to U.S. LBM. Read More
  • Slate Partners Advises Southwest Elevator Company on Recapitalization with Align Capital Partners. Read More
  • Beacon Corporation Completes the Sale of PPMI to Automotive & Industrial Products Supplier. Read More
  • Caber Hill Advisors Supports the Merger between Cornerstone Dental Partners and Ponzio Dental. Read More
  • Peakstone Group Advises on Environmental Services Transaction. Read More
  • MiddleMarch Partners Advises 6th Avenue Capital On Convertible Note From Star Strong Capital. Read More
  • The McLean Group Advises JACS Development on the Recapitalization of Eight Planet Fitness Clubs to Impact Fitness, a Portfolio Company of Morgan Stanley Capital Partners. Read More
  • Paramax Corporation is pleased to announce the sale of Chemical Design, Inc. to Zeton International Inc. Paramax served as exclusive M&A advisor to Chemical Design, Inc. on this transaction. Read More​​​​​​
  • Woodbridge International Closes Sale of Precision Stampings, Inc. to MPI Corporation. Read More
  • Meridian Capital Advises Harbor Wholesale Foods on its Purchase of Regional Assets of Food Services of America. Read More​​​​​​
  • Scura Partners Advises Karma Agency in its Sale to LRW Group, a portfolio company of Tailwind Capital. Read More

Deal Announcements from the Axial Buy-Side

  • Rockbridge Growth Equity Acquires Leading Marketing Solutions Provider, ProSites, Inc. Read More
  • Edgewater Capital Partners to Acquire Haematologic Technologies. Read More
  • Clarion Capital Partners Completes Investment in Harris & Harris. Read More
  • DaySmart Software Completes Growth Recapitalization with LLR Partners and Parthenon Capital. Read More
  • Advent International Acquires Enamor, a Leading Women’s Innerwear Brand in India. Read More
  • Dorilton Capital Invests in Hennigan Engineering Company. Read More
  • Summit Partners Sipartech Announces Equity Partnership with Blackstone. Read More
  • Arsenal Capital Partners Completes Acquisition of Clariant’s Healthcare Packaging Business. Read More
  • ARC Industries Acquires Exhibit Source, Inc. Read More
  • LNC Partners Invests in Prime Capital Investment Advisors, LLC . Read More
  • H.I.G Capital Completes Growth Investment in Circle Graphics Holdings, Inc. Read More
  • CrowdOut Capital Provides Term Loan to Tender Greens. Read More
  • Valsoft Corporation Continues Investment in Hospitality Technology with Acquisition of H&L. Read More
  • Veronis Suhler Stevenson Completes Investment In Quatrro Business Support Services. Read More
  • American Securities and Lindsay Goldberg to Acquire AECOM’s Management Services Business. Read More

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The 7 Most Read Articles from October on Middle Market Review

Visit MMR

  • Top 20 Lower Middle Market Investment Banks [Q3]. Read More
  • A Drop in First Time Funds Among Robust Private Equity Fundraising. Read More
  • 4 Business Development Best Practices for Private Equity Firms. Read More
  • Operating Partners Remain in Demand. Read More
  • Family Offices Continue to Adapt and Grow Read More
  • The Risks and Opportunities of Inorganic Growth. Read More
  • Middle-Market Dealmaking Continues to Outperform. Read More

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